debtexpert
United States of America#2General Comment
Thu, September 09, 2010
Have you actually FILED BK yet?
dum8d0g
United States of America#3General Comment
Tue, September 07, 2010
I'm sorry, but I don't see the ripoff here. If I am reading this correctly, you took out a loan knowing that you would not be able to make the payments on time. I'm not sure where you came up with the 30-day thing, but if the payment is even 1 day late they are in their right to repossess the property, especially if there is a history of late payments. The terms of a car loan often require that you provide proof of insurance to the lendor. If you fail to do this, they will buy insurance and you are responsible for paying for it.